Press Release, 31 January 2012

Backbase partners with Sandstone

Backbase, the Bank 2.0 Portal specialist, has teamed up with Sandstone, Australia’s leading provider of online banking solutions. Sandstone will market and support Backbase’s leading-edge Bank 2.0 Portal and Forms products throughout Australia and New Zealand.

Dom Monty, Sandstone’s General Manager of Direct Banking Solutions, says that online banking has become the primary channel for a bank when interacting with their customers. Direct banking systems need to dramatically improve the customer experience, enable rapid change and provide high levels of customer personalization.

“Internet banking is no longer simply about providing your customers with the means to log in, do simple banking transactions and log off. The new generation of online systems must appear attractive and be simple and intuitive to use in a world now aligned with tablets and smart phones,“ Monty says. “We are excited that Backbase has chosen Sandstone as its partner and are looking forward to taking our customers’ online banking experience to the next level.”

“It’s great to work with a regional partner like Sandstone because not only do they have deep expertise in the financial services industry and core systems there, but they combine it with existing, strong relationships with local banks,” said Jouk Pleiter, CEO & Co-Founder of Backbase.About Sandstone

Sandstone is a leading provider of innovative Loan Origination, Settlement Management, Internet Banking, Mobile Banking and Online Financial Management solutions to financial institutions globally. Built on leading-edge technology platforms, its solutions are highly secure and innovative and enable the best possible service to customers with lower processing cost and risk.